What is the difference in AOP and BOI

Abhinav Garg (33 Points)

02 October 2009  

Hi I have the following queries related to AOP and BOI:

Q 1 Is there a definition of Body of Individuals in the Income tax Act?

Q2 what is the difference between an Association of Persons and Body of Individuals?

Q3 Can a company /firm/ foreign company form an AOP?

An early response would be of immense help